Monitoring Financial Stability in Developing and Emerging Economies : Practical Guidance for Conducting Macroprudential Analysis
In the aftermath of the global financial crisis, interest in systemic risk has surged among academics and policy makers. The mitigation of systemic risk is now widely accepted as the fundamental underlying concept for the design of the post-crisis...
| Main Author: | |
|---|---|
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/04/24415508/monitoring-financial-stability-developing-emerging-economies-practical-guidance-conducting-macroprudential-analysis http://hdl.handle.net/10986/21863 |
| Summary: | In the aftermath of the global financial
crisis, interest in systemic risk has surged among academics
and policy makers. The mitigation of systemic risk is now
widely accepted as the fundamental underlying concept for
the design of the post-crisis regulatory agenda. Effective
mitigation requires the presence of a well-developed
analytical methodology for monitoring systemic risk, so that
policy makers can make informed policy choices. This remains
a challenging area, particularly in developing and emerging
economies characterized by rapid structural changes and gaps
in data availability. This working paper aims to provide
policy makers in developing and emerging economies with
practical tools for the analysis of systemic risk, focusing
on the identification of domestic, systemically important
banks; analyzing interconnectedness within the financial
system; and analyzing the cyclical component of systemic risk. |
|---|